First Trust Advisors LP reduced its stake in shares of Nutanix (NASDAQ:NTNX – Free Report) by 10.9% in the 1st quarter, Holdings Channel reports. The fund owned 3,249,923 shares of the technology company’s stock after selling 397,353 shares during the period. First Trust Advisors LP’s holdings in Nutanix were worth $123,530,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. New Millennium Group LLC purchased a new stake in Nutanix in the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new position in shares of Nutanix during the 4th quarter valued at approximately $39,000. Covestor Ltd increased its holdings in shares of Nutanix by 73.1% during the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after purchasing an additional 324 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of Nutanix by 159.4% in the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after purchasing an additional 502 shares during the period. Finally, Frazier Financial Advisors LLC boosted its holdings in Nutanix by 1,063.8% during the first quarter. Frazier Financial Advisors LLC now owns 1,094 shares of the technology company’s stock worth $42,000 after buying an additional 1,000 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts recently commented on the stock. Bank of America raised their price target on shares of Nutanix from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Barclays upped their price objective on shares of Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Northland Securities set a $47.00 target price on Nutanix in a research report on Thursday, May 28th. Royal Bank Of Canada lifted their price target on Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a research report on Wednesday, June 24th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and an average price target of $60.00.
Nutanix Stock Down 1.4%
Nutanix stock opened at $52.63 on Friday. The company has a fifty day simple moving average of $50.76 and a 200-day simple moving average of $44.89. The firm has a market capitalization of $14.23 billion, a price-to-earnings ratio of 55.40, a PEG ratio of 4.70 and a beta of 0.61. Nutanix has a 52-week low of $34.01 and a 52-week high of $82.42.
Nutanix (NASDAQ:NTNX – Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.35 by $0.12. The firm had revenue of $703.07 million for the quarter, compared to analyst estimates of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 EPS. On average, research analysts anticipate that Nutanix will post 0.71 EPS for the current fiscal year.
Nutanix Company Profile
Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.
The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.
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